BLOOMFIELD HILLS, Mich., Apr 05, 2010 (BUSINESS WIRE) --Pulte Homes, Inc. (NYSE: PHM), one of the nation's largest homebuilding companies, today announced it has changed its name to PulteGroup, Inc. The move is part of the Company's updated branding strategy, which includes a new corporate logo and brand identity standards to present a consistent look and message to customers.
PulteGroup refers only to the corporate entity while the national consumer-facing brand names will remain Centex, Del Webb and Pulte Homes. Regional brands include DiVosta Homes in Florida and Fox & Jacobs in Texas.
"The PulteGroup name is part of our strategic initiative to increase our brand recognition within our targeted market segments," said Richard J. Dugas, Jr. chairman, president and CEO of PulteGroup, Inc. "We are separating the corporate function from the consumer-facing brand names. The PulteGroup umbrella creates a house of brands model--a first in homebuilding--allowing us to emphasize the names of our homebuilding brands in the marketplace."
Following its merger with Centex last summer, PulteGroup embarked on an innovative strategy through which it will align its specific brands with defined homebuyer segments: Centex for first-time and value-conscious buyers; Pulte Homes for the move-up market; and Del Webb for active adults age 55 and better.
The name change was approved by the shareholders in August 2009 and will not affect the Company's stock ticker of PHM on the New York Stock Exchange.
PulteGroup, Inc. (NYSE: PHM) based in Bloomfield Hills, Mich., is one of America's largest home building companies with operations in 69 markets, 29 states and the District of Columbia. The Company has an unmatched capacity to meet the needs of all buyer segments through its brand portfolio that includes Pulte Homes, Centex Homes and Del Webb, as well as its regional brands of DiVosta Homes (Florida) and Fox & Jacobs (Texas). In 2009, PulteGroup brands received more top rankings than any other homebuilder in the annual J.D. Power and Associates 2009 New-Home Builder Customer Satisfaction Studysm. Pulte Mortgage LLC is a nationwide lender offering PulteGroup customers a variety of loan products and superior service.
SOURCE: PulteGroup, Inc.Caryn Klebba